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Lunch » Tags » Books » Reviews » Money for Nothing: One Man's Journey through the Dark Side of Lottery Millions » User review

The Dark Side of the Lottery

  • Jan 19, 2010
Rating:
+3
Everyone's heard that old story about how most lottery winners go broke within a few years after winning millions. This book explains the whole twisted industry from the inside out.

The most interesting part is how the sales culture is as messed up as the lottery winners.

The cash flows like water for lottery winners and the people who buy out their annuity payments for cash.

Excellent casual read if you like exploring the underbelly of society from an insider's view. Rarely do we get to see the seedy side of an industry in this detail.

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About the reviewer
Dan Limbach ()
Ranked #1418
I love online media. Podcasts, web seminars, videos, social media. It's what I do for a living.      I also love to read books (business non-fiction, edgy fiction, fantasy/sci-fi, … more
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About this book

Wiki

This is a tell all book about the largely unregulated but legal industry that sells money to lottery winners in exchange for a portion of their future lottery payments. Having worked in this industry for The Firm, as Ugel refers to his former employer, we learn that in states that allow such sales, this industry follows lottery winners who are often people who suddenly receive and mismanage a lot of unexpected money: often impulsive, poorly educated, lacking good advisors. When they need fast cash, The Firm and others capitalize on their need, again, legally. This also is the story of gambling, the pervasive industry in our society from lotteries to casinos to video poker games and more. Ugel, a gambler since age 19, tells a sordid tale of gambling addiction, and we all have much to learn from the author's important perspective on the proliferation of gambling opportunities. Written in an informal, sometimes humorous manner, this book contains excellent information for library patrons. Whaley, Mary--This text refers to theHardcoveredition.
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Details

ISBN-10: 0061284181
ISBN-13: 978-0061284182
Author: Edward Ugel
Genre: Entertainment
Publisher: Harper Paperbacks
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